Fiber Reinforced Plastic (FRP) Tank Market

By Resin;

Polyester, Epoxy, and Others

By Fiber Reinforcement;

Glass Fiber and Carbon Fiber

By Type;

Vertical Tanks, Horizontal Tanks, Dual-Laminate Tanks, Field-Erected Tanks, and Others

By Application;

Water & Waste Water, Chemicals, Oil & Gas, Pulp & Paper, Power, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn365311272 Published Date: June, 2025 Updated Date: July, 2025

Introduction

Global FRP Tank Market (USD Million), 2021 - 2031

In the year 2024, the Global FRP Tank Market was valued at USD 2,700.33 million. The size of this market is expected to increase to USD 3,749.26 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.8%.


Fiber Reinforced Plastic (FRP) Tank Market

*Market size in USD million

CAGR 4.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.8 %
Market Size (2024)USD 2,700.33 Million
Market Size (2031)USD 3,749.26 Million
Market ConcentrationHigh
Report Pages365
2,700.33
2024
3,749.26
2031

Major Players

  • Enduro Composites, Inc.
  • Augusta Fiberglass Coatings, Inc.
  • Containment Solutions, Inc.
  • Xerxes Corporation
  • LFM Manufacturing
  • Belco Manufacturing Co., Inc.
  • DN Tanks
  • Beetle Plastics
  • Palmer of Texas
  • Tuffa Tanks
  • Edwards Fiberglass, Inc.
  • Precision Tank & Equipment Co.
  • Design Tanks
  • Assmann Corporation of America

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Fiber Reinforced Plastic (FRP) Tank Market

Fragmented - Highly competitive market without dominant players


The Global FRP (Fiber Reinforced Plastic) Tank Market represents a crucial segment within the broader industrial storage solutions sector. FRP tanks offer a versatile and durable solution for storing various liquids across industries such as chemicals, water treatment, oil and gas, and agriculture. These tanks are favored for their corrosion resistance, lightweight nature, and ability to withstand harsh environmental conditions, making them an integral component in industrial processes worldwide.

FRP tanks are constructed using a combination of fiberglass and resin, resulting in a composite material that exhibits exceptional strength and durability. The market for FRP tanks is driven by the increasing demand for reliable and cost-effective storage solutions, particularly in industries where corrosion and chemical resistance are paramount. Additionally, the growing emphasis on environmental sustainability and regulatory compliance has spurred the adoption of FRP tanks as they offer eco-friendly alternatives to traditional storage materials.

As industries continue to expand and modernize their operations, the demand for FRP tanks is expected to witness steady growth. Key factors driving this expansion include the need for efficient storage solutions, the rise of stringent regulations governing industrial safety and environmental protection, and the ongoing development of advanced manufacturing techniques that enhance the performance and longevity of FRP tanks.

The market for FRP tanks also faces certain challenges, such as competition from alternative materials and fluctuating raw material prices. Additionally, the complexity of designing and manufacturing large-scale FRP tanks presents logistical and technical hurdles for industry players. Despite these challenges, the outlook for the global FRP tank market remains positive, driven by ongoing innovation, expanding industrial activities, and the increasing adoption of FRP tanks across diverse applications and end-user industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Resin
    2. Market Snapshot, By Fiber Reinforcement
    3. Market Snapshot, By Type
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Fiber Reinforced Plastic (FRP) Tank Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand for durable storage solutions
        2. Growth in water and wastewater treatment
        3. Expansion of the chemical processing industry
        4. Rise in energy storage demand
        5. Adoption in oil and gas storage
      2. Restraints
        1. Limited expertise in FRP
        2. Transportation and installation challenges
        3. Concerns about mechanical wear
        4. Availability of alternatives
        5. Chemical compatibility issues
      3. Opportunities
        1. Renewable energy storage applications
        2. Innovative tank designs
        3. Digitalization and IoT integration
        4. Sustainable manufacturing practices
        5. Training programs
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Fiber Reinforced Plastic (FRP) Tank Market, By Resin, 2021 - 2031 (USD Million)
      1. Polyester
      2. Epoxy
      3. Others
    2. Fiber Reinforced Plastic (FRP) Tank Market, By Fiber Reinforcement, 2021 - 2031 (USD Million)
      1. Glass fiber
      2. Carbon fiber
    3. Fiber Reinforced Plastic (FRP) Tank Market, By Type, 2021 - 2031 (USD Million)

      1. Vertical Tanks

      2. Horizontal Tanks

      3. Dual-Laminate Tanks

      4. Field-Erected Tanks

      5. Others

    4. Fiber Reinforced Plastic (FRP) Tank Market, By Application, 2021 - 2031 (USD Million)
      1. Water & waste water
      2. Chemicals
      3. Oil & gas
      4. Pulp & paper
      5. Power
      6. Others
    5. Fiber Reinforced Plastic (FRP) Tank Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Enduro Composites, Inc.
      2. Augusta Fiberglass Coatings, Inc.
      3. Containment Solutions, Inc.
      4. Xerxes Corporation
      5. LFM Manufacturing
      6. Belco Manufacturing Co., Inc.
      7. DN Tanks
      8. Beetle Plastics
      9. Palmer of Texas
      10. Tuffa Tanks
      11. Edwards Fiberglass, Inc.
      12. Precision Tank & Equipment Co.
      13. Design Tanks
      14. Assmann Corporation of America
  7. Analyst Views
  8. Future Outlook of the Market